Bharti Airtel to test bond buyer views on debt-cut push

International bond investors may get a chance in coming days to weigh in on Bharti Airtel’s efforts to pare debt, with market signs indicating enthusiasm for the push.

The wireless carrier is planning to sell a dollar perpetual bond ― debt with no set maturity ― as early as October 8, according to sources. Its existing dollar notes, that are due in 2025, have rallied to a three-year high of 104 cents. This come a month after the company said that it plans to retire a substantial part of its debt by utilising proceeds from the initial public offering (IPO) of its Africa unit.

“Still, investors will be weighing risks in what would be the first corporate dollar perpetual out of India since 2013.